Kodak to buy back $1 billion in shares
Tuesday, June 24, 2008 - 13:28
in Mathematics & Economics
(AP) -- Eastman Kodak Co. said Tuesday it is buying back up to $1 billion, or about a quarter, of its outstanding stock, by tapping a $581 million tax refund and a cash surplus the picture-taking pioneer has amassed since selling its health-imaging business early last year.